Although Europe has made progress in establishing itself as a hub of electric-vehicle production and charging-point infrastructure, the current rate of development is not enough, according to a new research paper by DWS Group.
European transportation is the only sector where carbon emissions have risen during the past three decades, making electrifying road transportation an urgent priority. The installation rate of EV-charging-point infrastructure needs to increase nine-fold by 2030, according to DWS. To do that Europe will need to secure safe, diversified commodity supply chains.
Europe will also need to build out its lithium-ion battery production capacity, as the growth in EV production calls for an estimated 18 times more lithium and five times more cobalt by 2030. Investment in renewable energy-production capacity and power grids is also needed to support the growing numbers of EVs.
Although investments in charging infrastructure have begun to ramp up, the
